testnet network is currently down because of a failed sanity check. Am working on it now.
Version 9.16 fixes the issue (and also simplifies the versioning system, necessitating a bump... it should be v6.16).
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 297. (Read 1276817 times)
April 21, 2014, 11:12:18 AM
Version 9.16 fixes the issue (and also simplifies the versioning system, necessitating a bump... it should be v6.16).
April 21, 2014, 10:39:21 AM
are there any ideas for how to use XCP to exchange digital currencies for fiat? That would be truly exciting imo.
I think butterfly labs is in the process of making a modification for PC DVD drives to feed cash in.
Slot drive or cupholder version? Do they need a money transmitter license for that?
April 21, 2014, 09:29:54 AM
If there is no fee to issue asset via MSC, how does it enforce prevention of mass trolling or squatting?
The unique identifier for each currency/token/asset is currently 32 bit wide and allows therefore to issue more than 4 billion properties until we run out of space. A valid Mastercoin transaction must not be a dust transaction so pure spam is unreasonable from an economically point of view.
Asset names as identifier were never feasible in the first place without further verification and an artificial fee would not provide any cure in this context imho.
Aha, thanks
are there any ideas for how to use XCP to exchange digital currencies for fiat? That would be truly exciting imo.
You couldn't trade fiat directly, as far as I know.. there is some other unrelated SSL proofs project which is looking at that, but you could trade vouchers using this system
You might think why would you bother buying or selling vouchers for BTC on Counterparty when you have things like gyft, I'll try to explain in a convoluted way
Assume a trusted asset issuer has non-expiring vouchers in reserve (or the ability to generate vouchers on demand)
They can list any of these vouchers as a counterparty asset, you can buy these vouchers with the knowledge you redeem them at face value at any time and trade the token backing the fiat denominated voucher 2-way, you've essentially got digital fiat pool.
If you brought 10 x $100 $1,000 of burger king vouchers from Gyft (maybe you are super hungry) with bitcoin you couldn't just decide you want to swap your bK vouchers back into Bitcoin. With Counterparty those 1000 BKUSD tokens, representing $1000 in burger king vouchers can pass through 500 hands over 500 days and still be redeemable for the same value. Obviously bk is not the best choice but any asset with demand can receive liquidity.
Example:
Someone buys 10 BTCEUSD in exchange for pegged 10 usd in BTC at the time of the order plus a small % surcharge.
Once they buy they are free from volatility of BTC - effectively in fiat. all the while without ever having to store their bitcoins on a central server. they are free to either trade that asset back for BTC, XCP or whatever other asset on the DEX or exchange with the issuer for corresponding voucher amount in fiat.
The asset issuer would already have USD in exchange, all they have to do is generate a code and send it, they can prove they hold the amount (USD/YUAN/EURO/GBP in reserve in exchange with read only API )
Once they have the voucher code. they can then trade with another user p2p for a direct fiat transfer, or log into an exchange to deposit the voucher code and play with it there.
You can issue any sort of fiat denominated voucher in that way; amazon gift cards, victorias secret, prepaid VISA, dominos, steam, bla bla
could also soon potentially issue PXGOLD (basically gold vouchers tradable for physical gold or fiat on voucher-safe) It's a huge untapped market for counterparty because counterparty provides a seamless unified marketplace for these to be listed.
The only real requirement there is a trustworthy issuer- some form of web-of trust or identity system is still important because of so many scammers and opportunists
April 21, 2014, 08:48:39 AM
testnet network is currently down because of a failed sanity check. Am working on it now.
April 21, 2014, 08:42:10 AM
Ok guys.. donations are up to 0.97 total BTC.. 0.77 BTC + 50 XCP! Almost there. Just need another 0.2 BTC and I can place the order for all the equipment we need to get the commercial started !!! As of right now, it would take 1 person to donate 0.21 BTC to get the status of Assistant Executive Producer. Get it now before anyone else does 
https://forums.counterparty.co/index.php/topic,261.msg1957.html#msg1957
PS. 2 donators have not revealed themselves.. If you want recognition and a place in the credits, let me know who you are.
Donate XCP/BTC: 13CVPDZRvAHiKtNJm3x36jREPDdtocXf4p
https://forums.counterparty.co/index.php/topic,261.msg1957.html#msg1957
PS. 2 donators have not revealed themselves.. If you want recognition and a place in the credits, let me know who you are.
Donate XCP/BTC: 13CVPDZRvAHiKtNJm3x36jREPDdtocXf4p
April 21, 2014, 07:34:23 AM
are there any ideas for how to use XCP to exchange digital currencies for fiat? That would be truly exciting imo.
I think butterfly labs is in the process of making a modification for PC DVD drives to feed cash in.
April 21, 2014, 06:34:20 AM
are there any ideas for how to use XCP to exchange digital currencies for fiat? That would be truly exciting imo.
April 21, 2014, 02:17:59 AM
I try to transfer my xcp from old counterwallet to new counterwallet. But I met:
"Pending send of 5.548 XCP from My Address #1 to 1A5CWSDZHZYaRCYTdMdqkkHPxwtVpi1dt2 about an hour ago"
What is wrong? Thanks!
"Pending send of 5.548 XCP from My Address #1 to 1A5CWSDZHZYaRCYTdMdqkkHPxwtVpi1dt2 about an hour ago"
What is wrong? Thanks!
Try to re login. I think many problems happening relates to cache in browser. If you use chrome try incognito mode as it should skip the cache, or clear it entirely.
The should be an option on the address button to show private key.
April 21, 2014, 01:09:10 AM
How can I get my private key of my BTC address in counterwallet? Thanks!
April 21, 2014, 01:02:38 AM
I try to transfer my xcp from old counterwallet to new counterwallet. But I met:
"Pending send of 5.548 XCP from My Address #1 to 1A5CWSDZHZYaRCYTdMdqkkHPxwtVpi1dt2 about an hour ago"
What is wrong? Thanks!
"Pending send of 5.548 XCP from My Address #1 to 1A5CWSDZHZYaRCYTdMdqkkHPxwtVpi1dt2 about an hour ago"
What is wrong? Thanks!
April 20, 2014, 05:12:37 PM
If there is no fee to issue asset via MSC, how does it enforce prevention of mass trolling or squatting?
The unique identifier for each currency/token/asset is currently 32 bit wide and allows therefore to issue more than 4 billion properties until we run out of space. A valid Mastercoin transaction must not be a dust transaction so pure spam is unreasonable from an economically point of view.
Asset names as identifier were never feasible in the first place without further verification and an artificial fee would not provide any cure in this context imho.
April 20, 2014, 03:55:53 PM
Chang, you're confused. While there is no "cost" to issue a new asset on Mastercoin, Maidsafe has a set of rules (a protocol) they have worked with Mastercoin to create which defines how tokens will be distributed. The rules of this token are built around fundraising, so value is what gets you the tokens. They have to fix prices otherwise someone buying might get a better or worse price compared to someone buying later than they based on volatility, which punishes early purchasers.
That is not desirable, so they picked a "fair value" that reflects the future value of the more volitile currency. This is not such an unreasonable expectation, as Maidsafe is a prototypical (the first) usecase for Mastercoin, and should help people "get" why mastercoin offers value to them, which should push the price up beyond where Maidsafe valued it at once others follow suit.
It's not a conspiracy, it's a launch. Mastercoin has the advantage of fundraising and prominent evangelists (mostly David Johnston), try not to be petty because we're all rowing in the same direction. Just watch what they do and learn for when you're in the hot seat.
That is not desirable, so they picked a "fair value" that reflects the future value of the more volitile currency. This is not such an unreasonable expectation, as Maidsafe is a prototypical (the first) usecase for Mastercoin, and should help people "get" why mastercoin offers value to them, which should push the price up beyond where Maidsafe valued it at once others follow suit.
It's not a conspiracy, it's a launch. Mastercoin has the advantage of fundraising and prominent evangelists (mostly David Johnston), try not to be petty because we're all rowing in the same direction. Just watch what they do and learn for when you're in the hot seat.
We're not on the same page here, you're not countering any of the points I'm making.
April 20, 2014, 03:36:31 PM
I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
.finally a sane view of reality from someone. so you are correct that maidsafe is being loaned a ton of MSC to convert them with the BTC they receive. at the end of this they should have something like 80% btc and 20% msc in their pocket.
April 20, 2014, 03:31:11 PM
...
FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days.
Cool so instead of paying a one off $1 you just have to buy most of the coins in existence, stripping the value out of every bitcoin raised by handing it over to mastercoin holders that sell into the staged and over inflated price? I'm interested how does this work when you need to fix the price of mastercoin for 2 fundraisers/token issuances or whatever at once?... doesn't matter I'm pretty sure this is the last.
Has the world gone mad totally mad or am I dreaming.
I think perhaps you've gone a little bit mad
or maybe I'm mad. I couldn't really catch what you are saying here
If there is no fee to issue asset via MSC, how does it enforce prevention of mass trolling or squatting?
as far as i know in MP the asset names are not used as unique IDs they are instead given a unique ID by the protocol
there is no fee at this time for issuance, however there is a plan to have a system for issuers to pay a fee to give them priority via some filter mechanism - it's all in the latest spec
April 20, 2014, 03:27:59 PM
Chang, you're confused. While there is no "cost" to issue a new asset on Mastercoin, Maidsafe has a set of rules (a protocol) they have worked with Mastercoin to create which defines how tokens will be distributed. The rules of this token are built around fundraising, so value is what gets you the tokens. They have to fix prices otherwise someone buying might get a better or worse price compared to someone buying later than they based on volatility, which punishes early purchasers.
That is not desirable, so they picked a "fair value" that reflects the future value of the more volitile currency. This is not such an unreasonable expectation, as Maidsafe is a prototypical (the first) usecase for Mastercoin, and should help people "get" why mastercoin offers value to them, which should push the price up beyond where Maidsafe valued it at once others follow suit.
It's not a conspiracy, it's a launch. Mastercoin has the advantage of fundraising and prominent evangelists (mostly David Johnston), try not to be petty because we're all rowing in the same direction. Just watch what they do and learn for when you're in the hot seat.
That is not desirable, so they picked a "fair value" that reflects the future value of the more volitile currency. This is not such an unreasonable expectation, as Maidsafe is a prototypical (the first) usecase for Mastercoin, and should help people "get" why mastercoin offers value to them, which should push the price up beyond where Maidsafe valued it at once others follow suit.
It's not a conspiracy, it's a launch. Mastercoin has the advantage of fundraising and prominent evangelists (mostly David Johnston), try not to be petty because we're all rowing in the same direction. Just watch what they do and learn for when you're in the hot seat.
April 20, 2014, 02:42:07 PM
...
FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days.
Cool so instead of paying a one off $1 you just have to buy most of the coins in existence, stripping the value out of every bitcoin raised by handing it over to mastercoin holders that sell into the staged and over inflated price? I'm interested how does this work when you need to fix the price of mastercoin for 2 fundraisers/token issuances or whatever at once?... doesn't matter I'm pretty sure this is the last.
Has the world gone mad totally mad or am I dreaming.
I think perhaps you've gone a little bit mad
or maybe I'm mad. I couldn't really catch what you are saying here
If there is no fee to issue asset via MSC, how does it enforce prevention of mass trolling or squatting?
I think you've confused two posts that are quoted together and you mean to direct that question at dexX7!!
April 20, 2014, 02:22:12 PM
...
FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days.
Cool so instead of paying a one off $1 you just have to buy most of the coins in existence, stripping the value out of every bitcoin raised by handing it over to mastercoin holders that sell into the staged and over inflated price? I'm interested how does this work when you need to fix the price of mastercoin for 2 fundraisers/token issuances or whatever at once?... doesn't matter I'm pretty sure this is the last.
Has the world gone mad totally mad or am I dreaming.
I think perhaps you've gone a little bit mad
or maybe I'm mad. I couldn't really catch what you are saying here
If there is no fee to issue asset via MSC, how does it enforce prevention of mass trolling or squatting?
April 20, 2014, 01:49:37 PM
...
FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days.
Cool so instead of paying a one off $1 you just have to buy most of the coins in existence, stripping the value out of every bitcoin raised by handing it over to mastercoin holders that sell into the staged and over inflated price? I'm interested how does this work when you need to fix the price of mastercoin for 2 fundraisers/token issuances or whatever at once?... doesn't matter I'm pretty sure this is the last.
Has the world gone mad totally mad or am I dreaming.
April 20, 2014, 01:42:02 PM
I'm getting this error when trying to send XCP. Any ideas what causes it?
Code:
Traceback (most recent call last):
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/packages/urllib3/connectionpool.py", line 478, in urlopen
body=body, headers=headers)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/packages/urllib3/connectionpool.py", line 285, in _make_request
conn.request(method, url, **httplib_request_kw)
File "/usr/lib/python3.3/http/client.py", line 1061, in request
self._send_request(method, url, body, headers)
File "/usr/lib/python3.3/http/client.py", line 1099, in _send_request
self.endheaders(body)
File "/usr/lib/python3.3/http/client.py", line 1057, in endheaders
self._send_output(message_body)
File "/usr/lib/python3.3/http/client.py", line 902, in _send_output
self.send(msg)
File "/usr/lib/python3.3/http/client.py", line 840, in send
self.connect()
File "/usr/lib/python3.3/http/client.py", line 818, in connect
self.timeout, self.source_address)
File "/usr/lib/python3.3/socket.py", line 435, in create_connection
raise err
File "/usr/lib/python3.3/socket.py", line 426, in create_connection
sock.connect(sa)
ConnectionRefusedError: [Errno 111] Connection refused
During handling of the above exception, another exception occurred:
Traceback (most recent call last):
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/adapters.py", line 324, in send
timeout=timeout
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/packages/urllib3/connectionpool.py", line 528, in urlopen
raise MaxRetryError(self, url, e)
requests.packages.urllib3.exceptions.MaxRetryError: HTTPConnectionPool(host='localhost', port=4000): Max retries exceeded with url: / (Caused by: [Errno 111] Connection refused)
During handling of the above exception, another exception occurred:
Traceback (most recent call last):
File "/home/xcp/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 638, in
args.unsigned)
File "/home/xcp/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 144, in cli
unsigned_tx_hex = util.api(method, params)
File "/home/xcp/counterpartyd_build/dist/counterpartyd/lib/util.py", line 34, in api
response = requests.post(config.RPC, data=json.dumps(payload), headers=headers)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/api.py", line 88, in post
return request('post', url, data=data, **kwargs)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/api.py", line 44, in request
return session.request(method=method, url=url, **kwargs)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/sessions.py", line 382, in request
resp = self.send(prep, **send_kwargs)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/sessions.py", line 485, in send
r = adapter.send(request, **kwargs)
File "/home/xcp/counterpartyd_build/env/lib/python3.3/site-packages/requests/adapters.py", line 372, in send
raise ConnectionError(e)
requests.exceptions.ConnectionError: HTTPConnectionPool(host='localhost', port=4000): Max retries exceeded with url: / (Caused by: [Errno 111] Connection refused)
April 20, 2014, 01:39:57 PM
...
FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days.
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